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Enel Green Power and Citibanamex, making sustainable banking really count

The financial sector is all about creating shared value: Citibanamex and Enel Green Power are doing their part to power it with renewable energy, so to favor a virtuous circle which in turn will spur more sustainable businesses.

The Partnership

Renewables make financial sense

The history of the Citibanamex - Enel Green Power goes back to 2014, when an EGP signed an agreement with Mexico’s second-largest banking group to power its network of 220 local branches with renewable energy coming from the Dominica wind farm, located near San Luis Potosi. Such an agreement was the natural outcome of Citi’s global sustainable strategy, abiding by the UN’s Sustainable Development Goals that are part of the 2030 agenda, while pledging over 100 billion US dollars in projects that help tackle climate change and foster a positive environmental impact.

Hence, Citibanamex was looking for a solid and reliable partner to power its operations, and Enel Green Power leveraged its strong Mexican presence by proposing a handy solution that was just within reach of the national grid. The Dominica wind farm generates 200 MW of sustainable energy and Citibanamex opted to source up to 90 GWh annually through a Physical PPA, powering its operations and becoming the country’s first financial institution to undertake such a commitment, for both its bottom line and the environment. 

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Trees planted 3.7

Trees planted 3.7 Million trees could compensate them

Sustainability 28k

Sustainability 28k Cars taken off the road

Emissions 146k

Emissions 146k Tons of CO2 emissions offset

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Sustainability highlights

Helping banks power their sustainable business

In 2014, Citibanamex took a bold step in becoming a trailblazer for the financial sector. Today, banks and financial institutions across the globe are becoming increasingly aware of the need to pursue the renewable option for their energy supply and push on sustainability as the pole star of their entire operations. 

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